Archive for nigeriang

A night of hits and misses

A night of hits and misses

It was a night to
remember for everyone at the ‘Night Out With the Arts’, organised by
the Society of the Performing Arts of Nigeria (SPAN). The event took
place on April 30 at the Coral Reef, Ikoyi, and allowed the audience
the honour of judging the presentations which cut across music, comedy
and dance.

As the curtains
were raised on the monthly show’s second edition, it represented SPAN’s
way of recognising the talents that abound across the city of Lagos.

Cool FM on-air
personalities Manny and Amaka anchored the event, which kicked off with
a rendition by Tee Mac. The flutist and former PMAN president performed
to the accompaniment of a drummer, a guitarist and a pianist.

He preceded his
performance by reeling out statistics about the power of Nigerian
music. “There are about 400,000 professional musicians and about 1.2
million amateur musicians,” he said. “What is missing is the money,
because the talent is already here.”

He took a swipe at
young people’s reactions to his music, just before he got caught in the
rapture of his wind instrument. “Young people call it old school, I
call it good music,” he said. Olufunmi, a gospel musician and Vice
President of SPAN, sang the second verse of our National Anthem. She
also held the audience spellbound with her voice as she sang a popular
gospel tune.

In her welcome
address, president of SPAN, Sarah Boulos, said that the organisation,
in their celebration of the family, provided a bouncing castle for
children at the event. She also mentioned with excitement that the body
was starting a talk show about the talent series on Cool FM.

Night of musical “talents”

Ten acts performed
on stage for only three minutes each, as the programme did not start at
the scheduled time of 7pm. Uche Agbai showed professionalism as he sang
and strummed his guitar backed up by a piano. He sang “Fast Lane,”
which he had composed after losing a friend.

Next up was a
dance by SPAN which reminded the audience of the Fame television series
that was popular in the 80s. The group danced to the Fame theme-song
and a slower-paced track, switching their body movements in time with
the music. Led by Nnamdi ‘Ice’ Nweke, the dance director of SPAN, the
presentation showed an adherence to detail, as they kept in sync with
the music. The evening would, however, come up with a few rough edges.

Hall of shame

The first category
of undiluted torture began with the clarinet-bearing Natural Beekey,
who played the instrument off key, as he struggled to accompany a Sunny
Ade hit track. Next on the list of pain was a trio called Unbreakable
Unit. Following the usual “Naija” swag-induced style, the group mimed
to one of their tracks. The poor production quality made it almost
impossible to hear what the musicians where singing. Cold Flames
rounded up the first round of musical display with a Yoruba rock song,
which had the crowd clapping and whistling in appreciation.

At the end of the
first session, Tee Mac was first to reach for the microphone as he gave
his own verdict. He advised the ‘out of tune’ Natural Beekey to get
more lessons on playing the clarinet. Tee Mac noted that though
Unbreakable Unit had the moves, they lacked the coordination and force
needed to make a successful hip-hop act.

Though the
audience showed appreciation for Cold Flames’ performance, Tee Mac said
the artist used the most basic keys for his performance and needed to
improve on his talent.

The night moved on
with more criticism from the audience after the next three acts. There
was another interlude with Sons of Liberty, a dance group under SPAN
that has made it to the finals of the Malta Guinness Street Dance
Competition. They entertained the crowd with their energetic and
acrobatic dance steps, as they danced to a medley of songs. A group of
comedians tried to crack the ribs of the audience who seemed to slowly
lose interest in what was happening on stage and were already trickling
out of the venue. The comedians did no better than most of the
musicians, who were reminded by Sarah Boulos not to mime their songs to
backing records, but sing with their voices, so as not to camouflage
any musical deficiencies.

Lessons learnt

The exposure could
help improve the evening’s 10 acts, but in keeping the talent show open
without any form of screening, the audience is left to accept whatever
fate brings on stage. The next show holds on the last Friday in May.

Go to Source

Expert says Nigeria lacks entrepreneurs

Expert says Nigeria lacks entrepreneurs

The shortage of
entrepreneurs is affecting the growth of Nigeria and its people,
chairman of the United Nations Development Programme (UNDP) Human
Development Fund in Osun State, Segun Aina, has said.

Mr Aina, a retired
Managing Director of the Fountain Trust Bank, who spoke at a
stakeholders meeting of the UNDP on Tuesday, said Nigeria is lagging
behind owing to low technical know-how and poor entrepreneurship skills
of its people.

He said Nigeria can only develop if it promotes technology and entrepreneurs.

“There is shortage
of entrepreneurs in the country today, and this is affecting the
nation’s development. A country can only develop if entrepreneurship is
developed. The most worrisome situation in Nigeria today is that even
those who have the entrepreneurship knowledge are not well trained if
at all they are trained,” he said To this end, Mr Aina explained that
the UNDP has concluded arrangements to establish Skill Acquisition
Centres in all the 30 Local Government Areas of Osun State, with the
aim of training youth on various entrepreneurship skills.

He disclosed that
the centres will commence operation by the first quarter of next year,
adding that the right group of people will benefit from the programme.

“This would reshape the lives of the youth and improve the nation’s economy,” Mr Aina said.

He also praised the
UNDP’s assistance to people through microfinance loans and community
intervention programmes, saying most communities in the state have
benefited from the UNDP Integrated Community Development Project.

“The UNDP is determined to alleviate poverty in the country through
provision of financial assistance and necessary needs for the teeming
populace,” he said.

Read More stories from Source

Shari’ah court sentences man to death

Shari’ah court sentences man to death

A Shari’ah court in
Alkaleri, Bauchi State, on Tuesday, sentenced a 35-year-old man, Sani
Sallau, to death by stoning for having sexual intercourse with a minor.

The News Agency of
Nigeria (NAN) reports that the accused was arraigned before the court
by hisba officials (Shari’ah enforcers) in Alkaleri Local Government
Area.

The prosecutor,
Mohammed Abdullahi, a hisba official, told the court that the accused
person was caught having an affair with the ‘almajiri’ (name withheld).

Mr. Abdullahi said the suspect committed the offence on May 3 in Alkaleri, headquarters of Alkaleri Local Government Area.

He said the accused was charged with sodomy, which contravened the Shari’ah law being enforced in the state.

Mr. Sallau pleaded guilty as charged.

The judge, Muhammad Muhammad, ordered the accused be stoned to death
since he had confessed to the offence, in line with the provision of
the Shari’ah law.

Read More stories from Source

Another explosion rocks NDDC office

Another explosion rocks NDDC office

Weeks after a bomb
explosion scared away government officials at a Niger Delta peace
confab in Warri, Delta State, another explosion on Monday again rocked
the Warri office of the Niger Delta Development Commission, causing
pandemonium around the city. The explosion, which occurred around 8pm
Monday after the workers had closed for the day, left a deep hole in
the granite floor of the building and ripped part of its roof. Resident
of the area said the explosion caused them a sleepless night, sending
shivers down their spine.

According to an eye
witness account; “We thought it was militant attack at the initial
stage, so we started running. Shops were hurriedly locked and people
just went to sleep until this morning when some of us went there and
saw what happened.”

The Delta State
Commissioner on the Board of NDDC, Emmanuel Ogidi, however, said the
explosion was not as a result of bomb but a fault with an
air-conditioner compressor.

“It wasn’t a bomb explosion, police sent expert here and confirmed that it wasn’t,” Mr Ogidi said. “It was an AC fault,

but this incident will also enable us relocate. We will try to repair whatever we can repair until we move somewhere else”.

He clarified that
the explosion should not be mistaken for the activities of some youth,
who have been threatening the commission’s office.

“There has been
couple of threats here and there. Some youths have been coming to
threaten the staff,” he said. “We have reported that to the Area
Commander and they have taken up the matter. But the youths are not
responsible for what happened. But when you issue a threat and
something happened, it can be tied to it”.

A detachment of
anti-riot police and conventional policemen seen yesterday at the
commission’s office however ruled out bomb attack from the explosion
when our correspondent visited.

The Divisional Police officer (DPO), B-Division, Warri, Christopher
Luke, who was at the scene also told newsmen that the explosion came
from the Air conditioner. He urged the staff and residents of the area
to go about their normal businesses.

Read More stories from Source

EFCC warns Kano businessmen about fraudsters

EFCC warns Kano businessmen about fraudsters

The
Economic and Financial Crime Commission (EFCC), North West zonal
office, has alerted the business community in the ancient city of Kano
of the influx of fraudsters into the city recently.

The commission, in
a statement signed by its media head, Gbenga Aroyehun, said the
fraudsters have already duped several persons in the city, with
majority of their victims being businessmen.

Mr Aroyehun said
the commission is working assiduously to nab these fraudsters, and
warned the public, especially businessmen, to vet every business
proposal presented before them and know the personality introducing it
in order to avoid being defrauded.

The commission
identified one of the fraudsters’ mode of operation as the introduction
of a phoney supply of a bicycle part called WHW BALL RACER, which they
cajole their victims to purchase in order to supply same to a dubious
company introduced as potential buyers.

“Through this false
scheme, several persons in Kano have been duped of millions of naira
and still counting,” stated Mr Aroyehun. “Our office in Kano has
received petitions and personal complaints from victims of this scam.”

He added that the EFCC has started investigations into the scam, and
promised that they would soon arrest and prosecute suspects.

Read More stories from Source

The problem with labour unions

The problem with labour unions

President
of the National Industrial Court (NIC), Babatunde Adejumo, shocked his
audience at the Trenchard Hall, University of Ibadan, on Tuesday when
he declared that over 80 per cent of the cases before the court are on
“who should collect check-off dues and who should not.”

Mr. Adejumo, who
delivered the lead paper at a two-day national workshop for union
leaders and management of southern Nigeria based universities on
industrial harmony, said many of the strikes that have taken place
within the system were needless.

Jointly organized
by the NIC and the Consultancy Services Centre (UNIFECS) of the Obafemi
Awolowo University, Ile Ife, the workshop sought to engender symbiotic
relationships among the unions and the management of the Nigerian
universities.

According to him,
most often, many members of the union are completely in the dark about
the cause their leaders are fighting for.

“Many times,
workers are not well educated on the need to go on strike,” he said.
“There must be constant and proper education for union members. Most
people believe that the union leaders are only there to manage the
check-off dues. That should not be the only active role and functions
the union should play. Before the issue of strike, how best have they
done to discuss the issue and educate their members? This is more
important.”

Improper strikes

While reaffirming
the inalienable right of workers to go on strike when their rights are
trampled upon by their employers, Mr. Adejumo cautioned union leaders
against leading their member to strikes that do not conform with the
provisions of the constitution on exercising their rights, saying the
effect could be counter-productive.

He hinted that
about eight court complexes of the NIC will soon be commissioned and
open for operation in the spirit of ensuring that litigants across the
country have access to an industrial court within a distance of less
than three hours.

He further revealed
that the National Assembly is almost through on the amendment of the
relevant legislation guiding the operations of the court, with a view
to empowering it to better deliver its mandate to the people of Nigeria.

In order to achieve
harmonious relationship between the university managements and unions
of their staff, Mr. Adejumo called for the creation of codes of conduct
within each of the universities.

“The aim of the code should be to lay down principles and guidelines
on the practice of industrial relations for achieving greater
industrial harmony,” he said.

Read More stories from Source

Ondo lawmakers mourn Yar’Adua tomorrow

Ondo lawmakers mourn Yar’Adua tomorrow

The
Ondo State House of Assembly has fixed tomorrow as a mourning day in
honour of late president, Umaru Yar’Adua, who died last week in Abuja
after a protracted illness. The lawmakers made the resolution yesterday
in Akure during a special session, adding that the plenary would not
hold that day.

The House also
directed that letters of condolence be written by the assembly to the
family of Mr Yar’Adua, the Kastina State Government and the federal
government.

They praised late
Mr Yar’Adua for introducing amnesty programme for the Niger Delta
Region, adding that the former president needs to be immortalised. They
also appealed to President Goodluck Jonathan, to follow electoral
reform programme to a logical conclusion.

The Deputy Majority Leader, Ayodele Awodeyi described Yar’Adua as a forthright leader who had good aspirations for Nigerians.

“Yar’adua was a detribalised leader who was the only president who declared his assets to Nigerians,” he said.

Mr Awodeyi
commended the late president for establishing the Ministry of Niger
Delta, government machinery put in place to facilitate the development
of the Niger Delta Region.

Call for honour

The Deputy Speaker,
Francis Emiola, called on the Federal Government to immortalize the
late Yar’Adua by naming a national monument after him.

Mr Afolabi
Akinsiku, Ondo West I, also praised the late president for identifying
himself with the rule of law. He pointed out that the ruling Labour
Party in Ondo State reclaimed its electoral mandate due to Mr
Yar’Adua’s respect for the rule of law.

Read More stories from Source

NEXT reporters nominated for Diageo Awards

NEXT reporters nominated for Diageo Awards

Two
NEXT reporters – Clara Nwachukwu, assistant business editor, and Daniel
Osunkoya, business reporter – have been nominated for the Diageo Africa
Business Reporting Awards.

Diageo, the world’s
leading premium drinks manufacturer, on Tuesday, announced finalists
for the eleven categories in the seventh annual awards ceremony.

Ms. Nwachukwu’s
story: ‘Adenuga’s Conoil owes N100 billion in taxes’ was nominated in
the Best Business News Story category, while Mr. Osunkoya’s portfolio
of three features: ‘Nigerian banks in battle of transparency,’
‘Flooding in luxury estates’ and ‘We fear for bonds’ were selected for
the Best Newcomer category.

According to the statement, over 750 entries were received from 20 countries across Africa and the rest of the world.

At a gala ceremony
in London on Thursday, July 1, where a panel of eminent judges will
select the winners of each category, Ms. Nwachukwu’s piece would
compete with stories by Felix Dela Klutse (Daily Guide Newspaper,
Ghana) and Bankelele (Bankelele, Kenya). Mr. Osunkoya’s stories would
contend with features written by Pia Minchener (African Decisions,
South Africa) and Gemma Ware (The Africa Report, France).

Obiageli
Ezekwesili, vice president of the World Bank, Africa Region, is
expected to be the keynote speaker at the awards ceremony. Ms.
Ezekwesili served as Federal Minister of Solid Minerals, and then as
Federal Minister of Education in Nigeria during the second term
presidency of Olusegun Obasanjo.

Proud of achievement

Commenting on her
nomination, Ms. Nwachukwu said, “This Diageo Award is particularly
significant because there have been (few or) no Nigerian in the
competition since the award was instituted, and this makes the award
special and unique because it will be a first for Nigeria. I am happy
for NEXT Newspapers for building a culture of professionalism.”

Mr. Osunkoya said:
“It’s a great honour and privilege to be nominated in this year’s
awards. I say a big thank you to NEXT for providing the platform, and
Diageo for the encouragement.” Devlin Hainsworth, managing director of
Guinness Nigeria, a subsidiary of Diageo, said the finalists represent
“those who are leading the way in creating a more balanced view of
business reporting on Africa. The shortlisted entrants have gone the
extra mile in reporting the opportunities and challenges of doing
business in Africa and have thoroughly investigated issues that matter
to business communities locally, regionally and internationally.

“The record
breaking number of entries from across the globe reflects the increase
in business reporting on Africa in 2009/2010. Also, the type of entries
we have received also indicates a shift in the way that news is being
delivered to audiences, with many more entrants being online citizen
journalists and bloggers.”

He added that with over 750 entries received for the award this
year, “those shortlisted in their category should be immensely proud of
their achievements and contribution to promoting a more accurate
understanding of the business environment in Africa.”

Read More stories from Source

‘Rescued banks must be transparent’

‘Rescued banks must be transparent’

Some investors at
the Nigerian Stock Exchange (NSE) have called on the managing directors
of the eight rescued banks to present progress reports of their
stewardship to the Nigerian public.

Wole Adetunji,
chairman of the Centre for Shareholders’ Enlightenment Limited (CSE),
said that there are issues which the banks, rescued by the Central Bank
of Nigeria last year, needed to clarify with their shareholders and the
general public.

The former director
general of the Securities and Exchange Commission (SEC) said his
organisation has therefore invited the concerned banks for presentation
on the 3rd of June.

“In the absence of
annual general meetings of these banks where shareholders could ask
relevant information about their financial reports, we (shareholders)
feel a one day conference on their financial reports will be a very
credible avenue of presenting their challenges and issues germane to
the continued existence of these banks rather than personalities issues
the problems of these banks has degenerated into of late,” said Mr.
Adetunji, who is also the chairman of the ChartWell Securities Limited,
a stock broking firm.

Gbenga Idowu,
managing director of the CSE, said the organisation believes that the
problems and challenges of these banks are the overall problems of
Nigerians, adding that shareholders of the troubled banks should all be
allowed to contribute their own efforts at finding solutions to some of
the problems.

Dematerialisation

Meanwhile, Mr.
Adetunji has also called on the management of SEC and NSE to set a
deadline for the full actualisation of dematerialisation of share
certificates “because without this process the capital market cannot
move forward.”

“Other countries
have gone past this stage while we are still struggling with
certificate verification -believing that we can join the developed
nations by the year 2020.”

Share
dematerialisation is the process of converting share certificates to
electronic share lodgment and allotments. The NSE said the process will
increase efficiency and transparency of activities at the capital
market.

The Lagos State
coordinator of Independent Shareholders Association of Nigerian,
Anthony Omojola, said the delay shareholders get from verification and
transfer of share certificate from issuing houses will no more be there
if dematerialisation takes full effect.

“Stock broking
houses that charge for the lodging of share certificate when the value
of the shares is lower than the charge will be force to stop,” he added.

Go to Source

Bank reforms and insecurity affect business

Bank reforms and insecurity affect business

Some
industrialists say the credit crunch challenge, a fallout of the
banking reforms and the persistent decline in infrastructure and
security in Nigeria, is telling on the business climate of the nation.

The
year 2009, they say, was a year of contrasting fortunes between the
first and second half of the year for businesses in the country as
while the first half was a period of growth, the second half was one of
slow-down.

Kola
Jamodu, an industrialist and chairman of Nigerian Breweries Plc, said
that in the second half of last year, the Central Bank of Nigeria (CBN)
carried out sweeping reforms in the banking sector, culminating in its
intervention in the management of eight out of the twenty four banks in
the country.

“One
of the consequences of that intervention was the near total absence of
access to credit facilities by customers of those banks especially
companies and entrepreneurs,” he said during the pre-annual general
meeting press briefing in Lagos yesterday.

The
former industry minister added that, “This had a profound effect on our
supplies, customers, other key partners and consumers. The
expectations, however, is that the long- term benefits will outweigh
the short-term pains being suffered.”

He
added that while the efforts of some state governors to improve on
physical infrastructure were commendable, the general infrastructure
state remains a huge challenge for business operators.

“Businesses
still generate their own power, invest heavily in private security and
expend huge time and cost in the haulage of both raw materials and
finished products from one part of the country to another because of
the deplorable state of our roads,” he said. “Multiplicity of taxes and
constant harassment by agents of local governments of businesses are on
the increase.”

Economic slow-down

For
the brewed product market and the general fast moving consumer goods
industry, the year under review witnessed a slow down in growth.
According to Mr. Jamodu, “This was due to the economic slowdown, the
banking reforms, general lack of enough liquidity and other social
factors which affected business.”

He
also stated that despite the challenges in 2009, benefits from the
firm’s continuing investments and improved operating efficiencies
accounted for its success.

The company’s turnover grew by 13 per cent from the N145.46 billion in 2008 to N164.21 billion.

Operating
profit also grew by 13 per cent from N36.78 billion to N41.66 billion.
Profit before taxation increased by 10 per cent from N37.52 billion in
2008 to N41.40 billion, while profit after tax increased by N25.70
billion in 2008 to N27.91 billion.

The firm announced the payment of a total dividend of N27.9 billion;
that is, N3.69 per ordinary share of fifty kobo each, an increase of 9
per cent over the N3. 40 paid during the corresponding year.

The
company had earlier paid two interim dividends in May, 2009 and January
2010 of N21.17 billion of N2.80 per ordinary share of 50 kobo each. The
final dividend, according to the firm’s management, will now be N6.73
billion, totalling 89 kobo.

If approved, the firm says the final dividend is payable to all
shareholders recorded in the register of members as at 12 March. The
payment date is 20 May.

Go to Source